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Cardinal Health Stock Surges on Strong Q2 Earnings and Buyback Announcement

Cardinal Health Stock Surges on Strong Q2 Earnings and Buyback Announcement

Published:
2026-02-05 18:45:02
22
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BTCCSquare news:

Cardinal Health (CAH) shares jumped 9% to $225.88 after the company reported robust second-quarter results, exceeding expectations and raising its fiscal 2026 guidance. Revenue climbed 19% year-over-year to $65.6 billion, driven by strong performance in the specialty segment. GAAP operating earnings ROSE 29% to $707 million, while non-GAAP operating earnings expanded 38% to $877 million.

The company's $750 million share buyback program further bolstered investor confidence, reducing shares outstanding and contributing to earnings per share growth. Cardinal Health now anticipates double-digit earnings growth through 2026, signaling sustained momentum in its Core operations.

|Square

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